As a tool for foreign trade, offshore companies can directly accept letters of credit for orders from foreign customers and tax exemption for overseas profits in the name of offshore companies. However, before registering, you need to clarify some things that need attention, such as company name, company address requirements, stocks, annual reports, company articles of association, etc.
Registering offshore companies to avoid cross-border e-commerce risks
Cross-border e-commerce refers to an international business activity in which trading entities belonging to different customs territories reach transactions, make payment settlements through e-commerce platforms, and deliver goods and complete transactions through cross-border logistics. Simply put, “cross-border e-commerce” includes two levels, one is to introduce overseas goods into the country (import/sea shopping), and the other is to sell domestic goods overseas (export).
In recent years, international policies have been very supportive of cross-border e-commerce, but they will gradually become standardized in the future, which will inevitably have some impact on the development of cross-border e-commerce. At the same time, cross-border e-commerce involves many aspects, especially international trade, which will generate some risks.
How to avoid these risks? In fact, you can reduce these unknown risks by registering an offshore company or registering an international trademark, etc., to provide an extra layer of protection for cross-border e-commerce.
Matters Needing Attention in Registering an Offshore Company
An offshore company must have a licensed name when registering. In many places of registration, specific words cannot appear in the name, such as: bank, insurance, royal, government, etc.
Company stock is a very important topic, including how many stocks are issued, stock par value, voting rights, repurchase rights, etc. Potential complex factors in offshore registration locations include minimum registered capital, minimum number of shareholders, whether bearer stocks are permitted, etc.
Offshore company address requirements, even if an international company does not have any daily business needs in the place of registration, offshore companies must have a registered office and a registered agent in the place of registration.
The articles of association of an offshore company consist of the company name, the address of the registered office, a list of company purposes or objectives (reasons for registration, what should be accomplished), and a statement of the limited liability of the company.
The annual report requirements of the place of registration are an important aspect that companies need to consider when looking for an effective offshore registration place. The annual report requirements of each place of registration vary greatly. The annual report requirements range from not having to submit to having to submit detailed annual reports and having to conduct financial audits. This work must be handled by a professional agency.